Question

Kraft Enterprises owns the following assets at December 31, 2010.?

Kraft Enterprises owns the following assets at December 31, 2010.

Cash in bank–savings account 63,879 Checking account balance 26,399
Cash on hand 9,470 Postdated checks 921
Cash refund due from IRS 36,739 Certificates of deposit (180-day) 94,454


What amount should be reported as cash?

4 years ago - 1 answers

Best Answer

Chosen by Asker

Post dated check would not be considered cash yet

Refund due from IRS has not been received and is not a cash item yet

The rest are considered as cash items

4 years ago